Electricity in Norway - statistics & facts
Known for its many fjords and lakes, Norway’s extensive natural resources are also an integral part of its electricity market. The Norwegian power mix is dominated by renewable sources, namely hydropower (and to a lesser extent, wind). Despite being one of the world’s largest oil producers, fossil fuels play a very small role in the country’s electricity generation, with a share of less than two percent. In turn, an abundant and reliable power supply has turned Norway into one of the largest per capita electricity consumers worldwide.
As the country continues to develop its facilities, the Norwegian hydropower capacity has been consistently increasing for more than a decade. While hydropower typically is dependent on input flows from rainfall, most of Norway’s capacity is of the flexible type. Flexible hydro facilities are those connected to storage reservoirs and controlled by dams. Around 1,000 storage reservoirs are located throughout the country, allowing for a better balance between supply and demand throughout the year.
Norway also enjoys some of the lowest average household electricity prices in Europe. While electricity prices can be affected by the intermittent supply of renewable energy in the country, they are not as prone to volatile market fluctuations as experienced by countries with a higher reliance on fossil fuels.
Hydropower: the backbone of Norway’s electricity supply
The Scandinavian country generates most of its electricity from hydropower, amounting to some 129 terawatt-hours in 2022. Norway's history of harnessing the power of moving water to produce electricity dates to the late 19th century. Today, about 1,770 hydropower plants provide the country with almost 90 percent of its electricity. Norway is the largest producer of hydroelectricity in Europe, and among the leading hydroelectric power producing countries worldwide.As the country continues to develop its facilities, the Norwegian hydropower capacity has been consistently increasing for more than a decade. While hydropower typically is dependent on input flows from rainfall, most of Norway’s capacity is of the flexible type. Flexible hydro facilities are those connected to storage reservoirs and controlled by dams. Around 1,000 storage reservoirs are located throughout the country, allowing for a better balance between supply and demand throughout the year.
Electricity consumption in Norway
In 2022, Norway’s electricity consumption stood at some 125 terawatt-hours. The largest share of this consumption was attributable to private households, which heavily rely on electricity for lighting, heating, and powering appliances. Meanwhile, power-intensive manufacturing, such as aluminum production, ranked second in electricity consumption. These sectors contributed to Norway recording a whopping per capita electricity consumption of 28 megawatt-hours in 2022, more than twice the United States’ consumption that year.Norway also enjoys some of the lowest average household electricity prices in Europe. While electricity prices can be affected by the intermittent supply of renewable energy in the country, they are not as prone to volatile market fluctuations as experienced by countries with a higher reliance on fossil fuels.
